1st rule of investing...preservation of capital. yet many believe that if you are in cash, you ARE losing $$$. also, some view shorts as unAmerican and as I have stated before: being short is like playing the don't pass line in craps. most players are on the pass line and gloan and glare when they crap out, as I am winning more chips. I would suggest the market has alot more crap to get rid of before I and many investors decide to play the pass line.